Current Affairs

CCEA approves continuation of Rashtriya Krishi Vikas Yojana till 2019-20

The Cabinet Committee on Economic Affairs has decided to the continue Rashtriya Krishi Vikas Yojana (RKVY).


  • It will be continued as Rashtriya Krishi Vikas Yojana- Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RKVY-RAFTAAR) for three years i.e. 2017-18 to 2019-20.  
  •  Rs. 15,722 crore will be allocated for the scheme.
  • The objective of the scheme is to make farming as a remunerative economic activity through strengthening the farmer's effort, risk mitigation and promoting agri­business entrepreneurship.

Key Features

  • RKVY-RAFTAAR funds would be provided to the States as 60:40 grants between Centre and States 
  • It will ve 90:10 for the North Eastern States and the Himalayan States
  •  The scheme will motivate States to increase more allocation to Agriculture and Allied Sectors.  
  • This will also strengthen farmer’s efforts through the creation of agriculture infrastructure that help in supply of quality inputs, market facilities etc.  

What is Rashtriya Krishi Vikas Yojana?

  • Rashtriya Krishi Vikas Yojana is a State Plan Scheme of Additional Central Assistance
  • It was launched in August 2007 as a part of the 11th Five Year Plan 2007–11
  • It seeks to achieve 4% annual growth in agriculture through development of Agriculture and its allied sectors as defined by the Planning Commission (India)
CCEA approves continuation of Rashtriya Krishi Vikas Yojana till 2019-20 CCEA approves continuation of Rashtriya Krishi Vikas Yojana till 2019-20 Reviewed by insiya yadav on November 03, 2017 Rating: 5

No comments: